IronOak Wealth LLC. Takes Position in S&P Global Inc. (NYSE:SPGI)

IronOak Wealth LLC. bought a new stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,192 shares of the business services provider's stock, valued at approximately $1,092,000.

Several other large investors also recently added to or reduced their stakes in SPGI. Minot DeBlois Advisors LLC bought a new stake in shares of S&P Global in the 4th quarter worth about $25,000. Anderson Financial Strategies LLC bought a new position in S&P Global during the 4th quarter valued at about $27,000. Human Investing LLC purchased a new stake in S&P Global in the 4th quarter worth about $30,000. Noble Wealth Management PBC bought a new stake in S&P Global in the fourth quarter worth about $31,000. Finally, Hazlett Burt & Watson Inc. boosted its position in shares of S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after buying an additional 38 shares during the period. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Down 0.3%

Shares of SPGI traded down $1.42 during mid-day trading on Friday, hitting $512.68. The company's stock had a trading volume of 2,142,178 shares, compared to its average volume of 1,223,788. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The company's 50-day moving average is $492.07 and its 200-day moving average is $503.86. S&P Global Inc. has a 52-week low of $419.49 and a 52-week high of $545.39. The firm has a market capitalization of $157.24 billion, a price-to-earnings ratio of 41.51, a PEG ratio of 2.41 and a beta of 1.23.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. The company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. S&P Global's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.01 earnings per share. On average, equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Wednesday, May 28th. S&P Global's payout ratio is currently 30.16%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SPGI shares. Wells Fargo & Company increased their price target on S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. BMO Capital Markets increased their target price on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. UBS Group lifted their target price on S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Morgan Stanley upped their price target on shares of S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Finally, Stifel Nicolaus reduced their price target on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $592.71.

Insider Buying and Selling at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the sale, the executive vice president now directly owns 5,131 shares of the company's stock, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is owned by insiders.

S&P Global Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.